Jefferies is once again focusing on the foodservice sector, which has prompted the research firm to go back to buying Compass. Goldman Sachs downgrades Avast, upgrades Halliburton, and starts monitoring AvePoint. Morgan Stanley has lowered its recommendation on Autohome.
Allegiant Travel: MKM Partners raised the recommendation to buy from neutral. PT up 22% to $230
Avast : Goldman Sachs downgrades to neutral from buy
AvePoint : Goldman Sachs starts coverage at buy with $17 price target
Archer-Daniels-Midland: Jefferies reinstated coverage of Archer-Daniels-Midland Co. with a recommendation of hold. PT up 5.2% to $55
Ardelyx : Jefferies lowers to hold from buy, price target down to $2 from $11
Asos: Grupo Santander raised the recommendation on Asos Plc to hold from underweight. PT up 16% to 4,350 pence.
Autohome : Morgan Stanley cuts to equal-weight from overweight; price target is $50
Citizens Financial : Wedbush adjusts price target to $55 from $56, keeps outperform rating
Compass: Jefferies upgrades from Hold to Buy targeting GBp1660.
EasyJet: Liberum upgrades to buy from hold. PT up 16% to 900 pence
FB Financial : Keefe Bruyette & Woods upgrades stock to outperform from market perform; price target is $48
Fevertree: Jefferies remains at Hold with a price target reduced from GBp 2,300 to 2,100.
Halliburton: Goldman Sachs upgrades to buy from neutral. PT up 30% to $26
Hiscox: HSBC upgrades from hold to buy with a target of GBp1030.
IAC/InterActiveCorp : BMO Capital upgrades to outperform from market perform, adjusts price target to $170 from $250
Intertek: Kepler Cheuvreux raised the recommendation to buy from hold. PT up 13% to 6,200 pence
Intuitive Surgical : SVB Leerink adjusts price target to $975 from $930, maintains market perform rating
Next: Berenberg upgrades from sell to hold with a target of GBP 7100.
QuantumScape : JPMorgan starts coverage at neutral with $35 price target
Synchrony Financial : DA Davidson adjusts price target to $47 from $45, reiterates buy/add rating
Vimeo : BMO Capital starts coverage at market perform with $50 price target
3i Group: Kepler Cheuvreux initiates coverage of 3i Group Plc with a recommendation of buy. PT up 19% to 1,400 pence